During the forecast period, the market for antibody therapy is anticipated to grow at a consistent CAGR of 13.4%. The market is expected to reach a value of US$ 824.0 billion by 2033, up from its current share of US$ 235 billion in 2023.
The global antibody therapy market is expected to reach US$ 727.78 Bn in 2032, with a favorable rate of 13.2% during the forecast period. The availability of a robust antibody therapy pipeline increases the company’s chances of achieving higher market revenue.
As novel medicines and pharmaceuticals for treating diseases are licensed, the market for antibody therapy is growing. The increasing need for targeted pharmacological therapy and technological advancements are boosting the antibody therapy market.
FMI presents a comparative analysis of the market growth rates and development prospects in the global antibody therapy market. According to the Future Market Insights analysis, demand in the global organic spices market is expected to rise with a robust CAGR of 13.2% during the forecast years of 2022-2032.
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Key Takeaways
- The worldwide antibodies market will be driven by rising cancer and other chronic disease prevalence, rising regulatory approvals and launch of medicines, and rising research partnerships to create a robust therapeutic pipeline.
- COVID-19 significantly influenced the global economy, affecting all nations by disrupting activities in every industry, regardless of size. The rising prevalence of COVID-19 patients influenced the healthcare industry.
- The antibody therapy industry has gained significant traction due to a surge in demand for COVID-19 therapeutic development.
- Strong market growth is projected due to government backing for the launch of new treatments. The rising frequency of cancer and other chronic diseases is one of the primary factors driving the global monoclonal antibodies market.
- Increasing regulatory approvals and the debut of new medicines are complementing market growth. The global cancer risk is rapidly increasing, and more secure clinical treatment is being sought over traditional methods.
- The North American antibody therapy market maintained a 49.1% share in 2021. As a result of the rising need for targeted medications in the region.
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Competitive Landscape
Bristol-Myers Squibb, GlaxoSmithKline plc, Takeda Pharmaceuticals, Eli Lilly and Company, Merck & Co, Inc., Seagen, Johnson & Johnson, Novartis AG, Regeneron Pharmaceuticals, and F. Hoffmann-La Roche Ltd. are some of the key companies profiled in the full version of the report.
Key players who have exited the market are implementing cost-cutting measures. In the coming years, antibody therapy is projected to become more affordable and accessible. In addition, the comprehensive research projects will result in new monoclonal antibody therapy product introductions. Antibodies have a robust therapeutic pipeline, resulting in a rapid growth rate.
More Insights into the Antibody Therapy Market
Due to increased investment in innovative antibody treatment developed the North America antibody therapy market maintaining a 49.1% share in 2021. As a result of the rising need for targeted medications in the region, clinical studies have increased, contributing to the market’s overall growth.
The market is anticipated to continue to be dominated by North America. Demand for antibody therapy is likely to be high, resulting in surging growth.
Many patients are drawn to the therapy by low-cost treatments. In addition, the high prevalence of cancer fuels a massive demand for monoclonal antibody therapy. Antibody treatment is in high demand in this area. With the highest share, Asia Pacific is the next largest region.
The growth of aging populations increases chronic illness rates. This ultimately creates a positive impact on the antibody therapy market. In addition, Europe is a fast-growing key participant with a lot of potential. Europe has a high rate of investment, research, and expansion.
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Key Segments Covered in Antibody Therapy Industry Research
By Type:
- Monoclonal Antibodies
- Oncology, Autoimmune Disease
- Infectious Disease
- Other
- Antibody Drug Conjugates
By End User:
- Hospitals
- Speciality Centers
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
About FMI:
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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